Technical Reports
Forex technical analysis and forecasts

EUR/GBP Is Limited

The cross is limited inside of diapason under 0.8890. Trading stays neutral. Another rally is projected while the whole minor support of 0.8796 holds. Following pivot points include: (S1) 0.8825; (P) 0.8848; (R1) 0.8861.

Over 0.8890, the rally from 0.8620 will extend to the cluster resistance of 0.8967. Breach of 0.8796 will confirm ending of an intact recoil from 0.8620. Larger decline should align 0.8724 support.

The fall from 0.9305 is a part of consolidation from 0.9304, which could extend further. If firm rally occurs, firm resistance of 0.9304/5 will bound upside. Sustained support from the cluster support of 0.8116 is expected to restrain downside.

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